Tuesday, September 26th, 2017
Home »Money and Banking » Pakistan » Rupee » THE RUPEE: rates unmoved
The rupee showed firmness against the dollar on the money market on Wednesday in the process of trading dealers said. The rupee was almost unchanged against the dollar for buying and selling at Rs 105.40 and Rs 105.41, respectively they said.

INTER-BANK MARKET RATES: In the third Asian trade, the dollar was buoyant against the yen, although it was capped against the euro with a potentially supportive spike in US yields neutralised by a similar move by their German counterparts.

The pound reached a one-year high after a robust UK inflation report added pressure on the Bank of England to do more to support the currency.

The dollar was a shade lower at 110.085 yen after rising earlier in the session to 110.295, its highest since Sept. 1.

The greenback had slumped to a 10-month low of 107.320 yen on Friday, when Hurricane Irma threatened Florida and as financial markets braced for the possibility of another missile or nuclear test by North Korea for the Sept. 9 anniversary of its founding.

The greenback was available against the Indian rupee at Rs 64.01, the US currency was at 4.198 in terms of the Malaysian ringgit and the dollar was at 6.529 versus the Chinese yuan.

OPEN MARKET RATES: The rupee sustained last levels in relation to the dollar for buying and selling at Rs 105.60 and Rs 105.80 respectively, they said.

While, the rupee shed 40 paisas in terms of the euro for buying and selling at Rs 125.40 Rs 126.70 respectively, they said.


Open Bid Rs.105.60

Open Offer Rs.105.80


Interbank Closing Rates: Interbank Closing Rates For Dollar on Wednesday.


Bid Rate Rs.105.40

Offer Rate Rs.105.41


RUPEE IN LAHORE: The rupee slid on buying side while it stayed unchanged on selling side against the US dollar in the local currency market on Wednesday.

According to currency dealers, the dollar resumed trading on its overnight trend of Rs 105.40 and Rs 105.85 as its buying and selling rates, respectively. At the close, it gained by 10-paisa on buying counter and ended at Rs 105.50. However, no change in its value took place on selling counter as it sustained its opening trend of Rs 105.85, they added.

Furthermore, the local currency remained under pressure for the third consecutive day against the pound sterling. The pound's buying and selling rates further drifted from Tuesday's closing of Rs 138.45 and Rs 139.00 to Rs 138.65 and Rs 139.40 respectively, they said.

RUPEE IN ISLAMABAD AND RAWALPINDI: The value of rupee against the remained uncharged at the open currency markets of Islamabad and Rawalpindi here on Wednesday.

The dollar opened at Rs 107.10 (buying) and Rs 107.20 (selling) against same last rate. It closed at Rs 107.10 (buying) and Rs 107.20 (selling) in evening session.

Copyright Business Recorder, 2017

the author